3.2.1.1 Globalisation

Question 1

What are flows of capital?

Answer 1

the movement of money for the purpose of investment, trade, or business production across international borders.

Question 2

what are flows of labour?

Answer 2

basically movement of migrants
Asylum seekers
migrants
those looking for work in another country

Question 3

what are flows of products?

Answer 3

movement of products from an area of production to an area of consumption

Question 4

what are flows of service?

Answer 4

Industries that provide a service. Thye can flow because of better tech. they are stuck at one location e.g. globalised world

Question 5

what are flows of information?

Answer 5

Movement of information between different places.
This has grown because of tech getting better

Question 6

what is global marketing?

Answer 6

advertising globally
tnc can do this well as they have a large budget for advertising
Having one marketing campaign globally saves money and brings in a lot of money
the aim is to sell the same product everywhere

Question 7

what is globalisation?

Answer 7

the increased interconnectivity of countries

Question 8

Factors affecting globalisation

Answer 8

Gov support
Finance
Transport
Security
Management and information system
Trade agreements

Question 9

How has transport affected globalisation?

Answer 9

Containerisation- Large amounts shipped at a lower cost
Improved transport systems- 6,000 planes airborne at anyone time

Question 10

How has trade agreements affected globalisation?

Answer 10

Role of the world trade organisation has increased
More free trade groups e.g. EU